SIG slowdown after bumper first half
The firm told investors that it still expected to make progress this year, but growth would moderate in the second half due to a combination of tough comparative numbers and macro-economic factors.
Sheffield-based SIG said the UK and Ireland was seeing lower consumer spending in areas such as home improvements, while reduced government spending was putting pressure on public-sector work.
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Hide AdUp until June, sales were strong, with overall revenues up 9 per cent to 1.4 billion and underlying profits 84 per cent ahead at 34 million, but the UK and Ireland saw a "noticeable softening in demand" towards the end of the quarter.